Valmark Advisers Inc. Purchases 6,662 Shares of Schwab US Dividend Equity ETF $SCHD

Valmark Advisers Inc. grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,727,891 shares of the company’s stock after purchasing an additional 6,662 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 1.0% of Valmark Advisers Inc.’s investment portfolio, making the stock its 21st largest position. Valmark Advisers Inc. owned approximately 0.10% of Schwab US Dividend Equity ETF worth $72,289,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SCHD. Brighton Jones LLC raised its holdings in Schwab US Dividend Equity ETF by 404.6% during the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after purchasing an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Schwab US Dividend Equity ETF by 206.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after acquiring an additional 51,696 shares in the last quarter. Bison Wealth LLC increased its stake in shares of Schwab US Dividend Equity ETF by 234.4% in the 4th quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after acquiring an additional 309,400 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Schwab US Dividend Equity ETF by 2,394.1% in the 1st quarter. GAMMA Investing LLC now owns 243,252 shares of the company’s stock valued at $6,801,000 after acquiring an additional 233,499 shares in the last quarter. Finally, OLD National Bancorp IN bought a new stake in shares of Schwab US Dividend Equity ETF in the 1st quarter valued at $386,000.

Schwab US Dividend Equity ETF Stock Down 0.2%

NYSEARCA:SCHD opened at $27.28 on Wednesday. The company has a fifty day moving average of $27.34 and a 200-day moving average of $26.75. The firm has a market capitalization of $71.48 billion, a P/E ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72.

About Schwab US Dividend Equity ETF

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.